I have a '96. F-250 Supercab, 4x4.. 200k miles and the motor is perfect. I lost an idler pulley at about 35k but that was a fluke.
As discussed... it IS the transmission that may give you problems but that is only if you tow a lot. A new one will run you $2500 (rebuilt) but for that you can get a bulletproof aftermarket rebuild.
I have never heard that the CPS was a problem in the older models. The 01's aand up have had some issues.
That motor is damn near bulletproof in my opinion. Go to http://www.thedieselstop.com/forums/f28/ for any problems or advice on what to look for. Don't get scared off by all the posts of things that are broke. I only put that to give you a place to ask questions and get advice.
If you can get it at a good price, go for it! I call my truck 'the Goat' because she has been everywhere.. down a mountain side, through mud bogs (not intentionally), crawling through rocks, and pulling a 20k fifthwheel up the Rocky Mountains. I lost my Tranny at around 120k. Haven't had any problems since.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let�s make one more addition to our series on hydraulics. I�ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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